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“Less than 100 days from election day, Americans across ages and party lines agree that the national debt should be a priority issue,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
The dust has barely settled on the midterm elections, but there are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress, which will convene in early 2019.
The Association for Budgeting and Financial Management (ABFM) aims to promote the professional development of budgeting and financial management in the public and non-profit sectors. Embracing both theoretical and operational concerns, ABFM addresses issues in budgeting processes and practice in financial management.
High-income households earn a disproportionate share of pre-tax income and pay an even larger share of total federal taxes.
Most infrastructure spending in the United States comes from state and local governments
State and local governments outspend the federal government in every infrastructure category
All income groups pay taxes, but overall the U.S. tax system is progressive.
“As policymakers begin to prepare for the new landscape in Washington, they have both a requirement and a valuable opportunity to work together on fiscal solutions," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.